For The US Treasury, Black Friday Was Red Friday

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The US government is in the red every day of the week, every week of the year. This past Black Friday was no different, when the Treasury added a whopping $24,327,048,384.38 to the national debt.

At the close of business last Wednesday, according to the Treasury, the national debt was $16,283,161,895,179.85. On Thanksgiving, the Treasury took the day off and did no borrowing. But on Friday, the Treasury increased the debt of the United States to $16,307,488,943,564.23. That was a one-day increase of $24,327,048,384.38.

The Census Bureau estimated that as of September there were approximately 114,916,000 households in the United States. So, the $24,327,048,384.38 that the Treasury borrowed on Friday equaled about $211.69 per household.

Friday was also the first time in the history of the United States that the debt has topped $16.3 trillion. (Read More)

Since Obama took office the share of the national debt per household has risen by almost $50,000.

The Democrats have no plans for cutting spending, they want you to think they can tax the rich to pay off all of this debt. We all know that’s a lie.